Last post on Nov 25, 2013 at 4:06 PM
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MINI Cooper, MINI Cooper Countryman, Car Leasing, Coupe, Convertible, Hatchback, SUV
#538 of 798 2012 Mini Cooper Hardtop Base
Feb 08, 2012 (9:34 am)
I'd love it if you could take a look at this deal for me. I am looking at a 2012 base Mini Cooper hardtop manual, MSRP 25,000 + 700 destination. The dealer has so far agreed to a $500 option credit and a $750 dealer credit. 1st payment, security deposit and aquisition fee are waived per the "$0 to Motor" lease special. Selling price is currently 24,550, but we are still going back and forth about taking another $250 off of the sale price.
It is a 36-month, 12K-mile lease, and I was quoted a residual of 68% (seems great) and a money factor of 0.00232 (very high compared to the 0.00150 I have seen elsewhere on this forum). The dealer has told me that when MINI waives the acquisition fee, it raises the MF, but they would still be profiting by about $550 on a 3-year lease.
Could you please advise on the MINI financial February hardtop lease money factor, and is this dealer marking it up? If the money factor can be brought in line, does this seem like a good deal?
#539 of 798 Re: MINI 2012 Hardtop Base Leasing [amir]
Feb 08, 2012 (2:15 pm)
Is this a hardtop S ? Based on the 32400 thats what it looks like.
Its exactly what I am looking for.
Can you let me know what dealer and who to speak with to get this deal ?
#540 of 798 Re: MINI 2012 Hardtop Base Leasing [ldodb]
Feb 08, 2012 (4:11 pm)
no its a Base model. the residual value for S is 7% less and Mf is 30 base points higher so i decided to get the cooper base instead and i got every option there is on it lol. including JCW package ,and leather.
cooper S is not a good lease at the moment. even with basic options at $28500 the cooper S can exceed $400 a month.
#541 of 798 Re: MINI 2012 Hardtop Base Leasing [amir]
Feb 08, 2012 (4:52 pm)
I see that makes sense.
What dealer did you go to ?
Does the S ever become a decent option to lease?
#542 of 798 Re: MINI 2012 Hardtop Base Leasing [ldodb]
Feb 08, 2012 (5:15 pm)
the S is better for just purchase at the moment. even if the residual gets better by 2% next month still the base hardtop is the way to go. you can put optional sport suspension, john cooper works pkg which has sexy challenge spoke rims and the body kit which makes it look a step above the S since it gives the car the john cooper works look. and i believe that with this set up its just as fun as the S - the turbo lag. it will handle better than an S with those rims and stiff sport suspension.
#543 of 798 Re: MINI 2012 Hardtop Base Leasing [amir]
Feb 08, 2012 (7:32 pm)
Base model: 121 hp, 114 ft/lbs, 0-60 8.4 sec
S model: 181 hp, 177 ft/pbs, 0-60 6.6 sec
Putting the JCW APPEARANCE items on a base model not going to make it a fast car. I would spend my money on the real stuff and not the for show stuff
#544 of 798 Re: MINI 2012 Hardtop Base Leasing [amir]
Feb 08, 2012 (8:19 pm)
It is apparent that you have done your homework as your figures concur with mine. Would you kindly post the name of the Dealer who provided you with your deal?
#545 of 798 Re: MINI 2012 Hardtop Base Leasing [dwynne]
Feb 09, 2012 (4:09 pm)
I agree with you on Cooper S being a better car but it's not for leasing . It's payment exceeds $400 with some nice options and that puts the car into the ultimate driving machine territory (BMW). currently I have a 128i convertable with all options and its 439 including tax for a 12k/36m min drive off lease .
#546 of 798 Re: 2012 Mini Cooper Hardtop Base [bajafresh]
Feb 09, 2012 (4:12 pm)
Hi bajafresh. A $750 dealer discount is so-so, not bad but not great either. The money factor that you were quoted is way too high. You should be getting the .00150 that you've seen mentioned here, assuming that your credit is in good shape.
Prices Paid: Buying & Leasing Experiences Forum
#547 of 798 Re: 2012 Mini Cooper Hardtop Base
Feb 14, 2012 (7:48 am)
I've been able to get the discount to $1450 ($500 option credit, $1050 from the dealer), and they agreed to the normal money factor and acq. fee. Would you mind reviewing their proposed 'final' deal please? Also, could you confirm a 66% residual on this car if we go to 15,000 miles/year? Thanks!
268.61 per month
12k miles per year
36 month term
0.00150 money factor
725 acquisition fee +tax (paid up front)
836.55 due at signing (acq fee, first month payment less 249, title, license plate transfer, registration paid up front)
Cap cost 24150.74
1049.26 discount from dealer & 500 from MINI = 1549.26 total discount